Today’s Research Reports on Stocks to Watch: General Mills and The Kraft Heinz
NEW YORK, NY / ACCESSWIRE / July 19, 2018 / Both General Mills and Kraft Heinz Company saw a dip in share price on Wednesday despite any news.
RDI Initiates Coverage on:
General Mills, Inc.
https://www.rdinvesting.com/report/?ticker=GIS
The Kraft Heinz Company
https://www.rdinvesting.com/report/?ticker=KHC
General Mills, Inc. shares closed down 2.58% on about 4.5 million shares traded on Wednesday. There was no news from the company but it was at the end of June that General Mills reported results for the fourth quarter and full fiscal year ended May 27, 2018. Results were in line with the company's most recent fiscal 2018 outlook. For full year 2018, the company reported adjusted EPS of $3.11 that matched with the year ago number. Revenue for the same period grew 1% to $15.7 billion. The company's CEO Jeff Harmening commented, "Fiscal 2018 represented an important first step in returning our business to sustainable topline growth. We made significant progress toward competing more effectively this year, with strong innovation, marketing, and in-store execution driving positive organic sales growth in each of our last three quarters. And we moved to reshape our portfolio for future growth with the acquisition of Blue Buffalo, a fast-growing, highly profitable business that is leading the transformation of the U.S. pet food category. While our full-year profit results fell short of our initial plans, we finished the year delivering growth in sales, margins, profit, and EPS in the fourth quarter. And I'm pleased with the continued progress we've made in cash generation, with our free cash flow up nearly 30 percent this year."
Access RDI's General Mills, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=GIS
The Kraft Heinz Company shares closed down 2.32% on about 4.5 million shares traded yesterday. There was no particular news from the company which owns the Oscar Mayer brand, but it was at the end of last month that the New York Post reported that Kraft Heinz is "very much interested in buying Campbell," and believes the sales process is imminent. J.P. Morgan doesn't believe the deal will happen though. The firm's analyst Ken Goldman said at the time, "We would be surprised if Kraft Heinz wanted Campbell Soup, a company that does not solve Kraft Heinz’s growth problems and is facing numerous internal challenges. So we do not expect a deal to take place. But in the end, money talks." Kraft Heinz will be releasing its second quarter financial results on Friday, Aug. 3, 2018, before the market opens.
Access RDI's The Kraft Heinz Company Research Report at:
https://www.rdinvesting.com/report/?ticker=KHC
Our Actionable Research on General Mills, Inc. (NYSE: GIS) and The Kraft Heinz Company (NASDAQ: KHC) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
